0:36
Alexi Painter
46:33 - 47:09
"In 2060, the tax will double again, so going from 21.2 cents to 42.4 cents. And then the additional amount of revenue raised by that, that tax increase will go entirely to the general fund as UGF revenue."
“In 2060, the tax will double again, so going from 21.2 cents to 42.4 cents. And then the additional amount of revenue raised by that, that tax increase will go entirely to the general fund as UGF revenue.”
- Speaker
- Alexi Painter
- Timestamp
- 46:33 – 47:09
- Community
- Alaska News
- Location
- Juneau
- Captured at
- June 19, 2026
From the transcript
And then, of course, these are growing with inflation. And that new amount, that new $10.6 million goes entirely through the community assistance formula. So when the tax doubles, that first— that initial split is left for that same amount of revenue, then the additional marginal revenue will go through community assistance. In 2060, the tax will double again, so going from 21.2 cents to 42.4 cents. And then the additional amount of revenue raised by that, that tax increase will go entirely to the general fund as UGF revenue.